NIFTY OIL & GAS Outlook for the Week (August 07, 2023 - August 11, 2023)

NIFTY OIL & GAS closed the previous week on a negative note losing 3.30%.

Technically, NIFTY OIL & GAS share price will see immediate support at 7,843.72 and immediate resistance would be seen at 8,113.12.

If NIFTY OIL & GAS share price closes below immediate support of 7,843.72, then sharp breakdown can be seen. NIFTY OIL & GAS share price will see major support at 7,735.43 for the week.

On the positive side, immediate resistance will be seen at 8,113.12. Closing above 8,113.12, NIFTY OIL & GAS share price will see a sharp breakout. Major resistance for NIFTY OIL & GAS share price will be seen at 8,274.23 for the week.

Trading range for NIFTY OIL & GAS share price for this week should be between 7,574.32 on down side and 8,382.52 on up side.

NIFTY OIL & GAS Previous Week High: 8165.95

NIFTY OIL & GAS Previous Week Low: 7896.55

NIFTY OIL & GAS Previous Week Range: 269.4 Points

NIFTY OIL & GAS share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type	Value
Resistance 3	8,382.52
Resistance 2	8,274.23
Resistance 1	8,113.12
Support 1	7,843.72
Support 2	7,735.43
Support 3	7,574.32

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NIFTY OIL & GAS Outlook for the Week (August 07, 2023 – August 11, 2023)

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